An article by Russell Price, Senior Economist, Ameriprise Financial

Is the housing market entering another bubble?

The U.S. housing market seems to be once again entering rarefied territory, reaching levels last seen just before the housing bubble burst in 2007. This time around, however, the dynamics of the situation are different. It’s a lack of supply that’s driving prices higher rather than the bubble period’s loose mortgage financing.   Continue reading →

As baby boomers look to downsize out of their suburban McMansions, a generational showdown is looming: Millennials might be coming into their own as the nation’s biggest group of first-time home buyers, but they aren’t exactly lining up with bids in hand for those large, expensive homes in the sleepier suburbs. Instead, they’re looking for a different kind of home—the same ones, in fact, that the empty nesters are looking to buy.

It’s a battle of the millennials vs. baby boomers playing out in the nation’s suburban housing markets. Continue reading →

Putting a price tag on a home you’re trying to sell is a tricky thing. For one, it’s your home, crammed full of memories, hopes, and dreams—and all that stuff can cloud your thinking and lead you toward the wrong price. There are consequences: Shoot too high, and your home could languish on the market for months and maybe not sell at all. Price it too low and you could bilk yourself out of a whole lot of dough. Continue reading →

In competitive housing markets across the country, making an offer that sticks has become increasingly difficult. Ensure your client doesn’t make the process even tougher by succumbing to one of these common mistakes. Continue reading →

By now just about every would-be buyer out there knows there simply aren’t enough homes for sale these days to appease the hordes of competition. But despite the shortages, rising prices, and bidding wars, more homes are expected to be sold this year than in more than a decade.

In 2017, the number of sales of existing homes (which have previously been lived in) is expected to rise about 3.5%, to 5.64 million, according to the midyear forecast from the National Association of Realtors®. The group predicts that existing-home purchases will rise an additional 2.8% in 2018, to 5.8 million. Continue reading →

RE/MAX just put out the first issue of their Pinterest based, first-time homebuyer magazine. This magazine is a perfect resource for homebuyers!

You can find it here: First-Flight Magazine

An amazing client of mine is participating in the Kolar Toyota ALS Walleye Tournament. This tournament raises money for The ALS Association, specifically the MN/ND/SD Chapter. The ALS Association, MN/ND/SD is the only non-profit organization fighting Lou Gehrig’s Disease on every front. By leading the way in global research, providing assistance for people with ALS through a nationwide network of chapters, coordinating multidisciplinary care through certified clinical care centers, and fostering government partnerships, The Association builds hope and enhances quality of life while aggressively searching for new treatments and a cure. Since the start of the tournament in 1995, This event has raised over 2.7 million dollars!

Here is a link to Mark’s story and donation page. Lets help fight ALS and GO MARK!!

Mark Buerman’s story and donation page

There’s no denying that the kitchen has become the focal point of the modern home, the place where the outsize influence of the Food Network and HGTV converge. Prospective buyers want to imagine themselves gathered there among friends, sipping wine and nibbling on hors d’oeuvres with ease—or perhaps preparing a family meal while the kids pitch in as little sous-chefs.

But achieving that dream kitchen is also one of the most expensive home remodeling projects you can possibly undertake. If your taste trends more toward Veuve Clicquot on a budget that’s solidly PBR, never fear: We’ve got some sneaky tricks to give your kitchen a fancy upgrade on the cheap. Continue reading →